India, Jan. 27 -- As the Union Budget 2026-27 draws closer, expectations are building among salaried individuals, senior citizens, and high-income earners for meaningful changes in the new tax regime. With rising living costs, medical inflation, and housing expenses squeezing household budgets, tax experts believe the government has an opportunity to fine-tune the system to offer real relief without complicating compliance.

The new tax regime is now the default option for taxpayers, but many argue it still lacks key deductions that matter most to Indian families. Experts say Budget 2026 could strike a better balance between lower tax rates and essential incentives, especially for healthcare, housing, and long-term savings.

Tax professio...